Georgia SB441: Local Government Investment Pool; certain pooled investments to be approved by the State Depository Board; require

What the bill says

To amend Chapter 83 of Title 36 of the Official Code of Georgia Annotated, relating to local government investment pool, so as to require certain pooled investments to be approved by the State Depository Board; to exempt certain pooled investments from such approval; to provide for an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.

From the introduced text:

A BILL TO BE ENTITLED To amend Chapter 83 of Title 36 of the Official Code of Georgia Annotated, relating to local government investment pool, so as to require certain pooled investments to be approved by the State Depository Board; to exempt certain pooled investments from such approval; to provide for an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Chapter 83 of Title 36 of the Official Code of Georgia Annotated, relating to local government investment pool, is amended by revising subsection (a) of Code Section 36-83-8, relating to local government investment pool, as follows: "(a)(1) A local government investment pool is created, consisting of the aggregate of all funds from local governments and all funds from other bodies created for a public purpose which the State Depository Board has agreed to accept that are placed in the custody of the state for investment and reinvestment as provided in this chapter. (2)(A) Any pooled investment, in addition to the local government investment pool created pursuant to paragraph (1) of this subsection, for the collective investment of two S. B. LC 62 0295 or more local governments, shall be required to obtain the approval of the State Depository Board prior …

Read the full official text

Sponsors

• Johnny Chastain (R, 7) · primary sponsor
• Marty Harbin (R, 16) · primary sponsor
• Ricky Williams (R, 25)
• Chuck Hufstetler (R, 52)
• John Albers (R)
• Dickerson, Jason T. (R, 21)
• Burns, Max (R, 23)

Latest actions

1. July 1, 2026: Effective Date
2. May 11, 2026: Act 511
3. May 11, 2026: Senate Date Signed by Governor
4. April 10, 2026: Senate Sent to Governor
5. March 23, 2026: House Passed/Adopted
6. March 23, 2026: House Third Readers
7. March 16, 2026: House Committee Favorably Reported
8. March 4, 2026: House Second Readers
9. March 3, 2026: House First Readers
10. February 26, 2026: Senate Passed/Adopted

Votes

• House Vote #744 (March 23, 2026): 167 yea, 0 nay, passed
• Senate Vote #592 (February 26, 2026): 49 yea, 0 nay, passed

Common questions

What is SB441?

SB441 is a bill in the Georgia Legislature (2025-2026 Regular Session): Local Government Investment Pool; certain pooled investments to be approved by the State Depository Board; require.

What does SB441 do?

In its own words: To amend Chapter 83 of Title 36 of the Official Code of Georgia Annotated, relating to local government investment pool, so as to require certain pooled investments to be approved by the State Depository Board; to exempt certain pooled investments from such approval; to provide for an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.

What is the status of SB441?

Signed into law as of May 11, 2026. Latest action: Effective Date (July 1, 2026).

Who sponsored SB441?

Johnny Chastain (R, 7), with 6 co-sponsors.

Where is the official record for SB441?

On the Georgia Legislature website: https://www.legis.ga.gov/legislation/72632